In January of 2012, new rules went into effect requiring banks to protect their consumers with increased security. One of the FFIEC’s key recommendations for eliminating fraud is consumer awareness and education.

Financial institutions have established a layered security approach that includes multi-authentication, which may involve requiring users to punch in a second security code or carry a key fob, as well as doing due diligence when it comes to identifying customers as real people whose identities haven’t been stolen.

This defense-in-depth approach is all about assessing risk throughout multiple points on an organization’s website.

Malware prevention & detection: Many banks offer antivirus, anti-spyware, and anti-phishing tools from well-known security vendors as full suites of total protection products.

You can take comfort in knowing that your bank has systems in place to protect your investments. But you should also bear in mind that your own PC or mobile that might be the weakest link in the process, so be sure to keep your device secure.

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